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Natural Monopoly Regulation : Principles and Practice - Sanford V. Berg

Natural Monopoly Regulation

Principles and Practice

Paperback Published: 10th July 1989
ISBN: 9780521338936
Number Of Pages: 580

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Considered the cutting edge of microeconomic theory in the 1970s, natural monopoly research remains an active and fertile field. Policy makers and regulators have begun to implement entry and pricing policies that are based on theoretical and empirical analyses. This book develops a comprehensive framework for analyzing natural monopoly. The authors first present a historical overview of regulatory economics, followed by analyses of optimal pricing and investment for single- and multiproduct natural monopolies. Topics covered include cost and demand structures, efficiency impacts of linear and multipart pricing, peak-load pricing, capacity determination, and the sustainability of natural monopolies. After a survey and analysis of natural monopoly regulation in practice, the links between technological change and regulation are identified. The book concludes with a discussion of the alternatives to traditional regulation, including public ownership, franchise schemes, quality regulation, and new incentive systems. Throughout the book, issues from the telecommunications and energy industries are used to illustrate key points. Its integrated framework will make it useful to academic economists, regulatory analysts, business researchers, and advanced students of public utility economics.

Introduction to regulatory economics
Optimal pricing and investment for natural monopolies
Natural monopoly and the justification for regulation
Efficient pricing using linear prices
Efficient pricing using nonlinear prices
Peak-load pricing
Pricing and capacity under stochastic demand
Sustainability of natural monopolies
Natural monopoly regulation in practice
Regulation in practice: Why and how are firms regulated?
Models of regulatory constraints
Technological change under regulation
Partial regulation, deregulation, and diversification
Alternatives to traditional regulation
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521338936
ISBN-10: 052133893X
Series: Cambridge Professional English
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 580
Published: 10th July 1989
Country of Publication: GB
Dimensions (cm): 21.59 x 13.97  x 3.28
Weight (kg): 0.73